Abia state government approves tax waivers for investors

Here's a possible news article on the topic:

Abia State Government Approves Tax Waivers for Investors

Umuahia, Abia State - The Abia State Government has approved tax waivers for investors who are willing to set up businesses in the state. The decision is aimed at attracting more investors and boosting the state's economy.

According to a statement issued by the Abia State Government, the tax waivers will be granted to investors who are willing to invest in various sectors of the economy, including agriculture, manufacturing, and services.

The statement said that the tax waivers will include exemptions from payment of company income tax, value added tax, and other taxes for a period of five years. The investors will also be exempted from paying stamp duty and other levies.

The Abia State Government said that the tax waivers are part of its efforts to create a conducive business environment in the state. The government is also offering other incentives, including provision of infrastructure, such as roads, electricity, and water, to support the growth of businesses in the state.

The Commissioner for Finance in Abia State, Mr. Obinna Oriaku, said that the tax waivers are a major boost to the state's economy. He said that the government is committed to creating a business-friendly environment that will attract more investors to the state.

"We are committed to creating a conducive business environment that will attract more investors to Abia State. The tax waivers are part of our efforts to achieve this goal," Oriaku said.

The Abia State Government has also set up a committee to oversee the implementation of the tax waivers. The committee will ensure that the tax waivers are granted to eligible investors and that the state's revenue is not compromised.

The Abia State Government is optimistic that the tax waivers will attract more investors to the state and boost its economy. The state is home to several industries, including manufacturing, agriculture, and services, and the government is confident that the tax waivers will help to grow these industries.

In conclusion, the Abia State Government's approval of tax waivers for investors is a major boost to the state's economy. The tax waivers are expected to attract more investors to the state and boost its economic growth.